Center for Audit Quality (CAQ)

Description

 Center for Audit Quality (CAQ) August 27‐September 3, 2009 1000 Investors Nationwide  Margin of Error: +/‐3%   In a telephone survey conducted August 27 – September 3, 2009, The Glover Park Group asked a series of questions related to investing and the capital markets.  The findings representing 1,000 investors nationally are included below.  With a sample of this size, one can say with 95% certainty that the results have a sampling error 1of +/‐ 3 percentage points of what they would be if the entire population of investors  had been polled with complete accuracy.  Where available, data from previous years has been provided for comparison.  QUESTIONNAIRE   Q.1 Are you the person who is MOST, or at least equally, responsible for making the decisions about how to handle your householdʹs savings and investments?      Total  Yes, most ...................................................................................73   Yes, equally ...............................................................................27   No (TERMINATE)  ................................................................... ‐   (Donʹt know/refused) (TERMINATE) .................................... ‐    Q.2 In order to make sure our sample represents various types of investors, I need to know, do you, or does anyone else in your household, own any stocks, bonds, or mutual funds in an investment account, or in a self‐directed IRA or 401(k) retirement account?     ...

Informations

• Publié par: Jicel
• Nombre de lectures: 37
• Langue: Slovak

Extrait

 

  Center   for   Audit   Quality   (CAQ)   August   27 ‐ September   3,   2009   1000   Investors   Nationwide   Margin   of   Error:   +/ ‐ 3%      In   a   telephone   survey   conducted   August   27      September   3,   2009,   The   Glover   Park   Group   asked   a   series   of   questions   related   to   investing   and   the   capital   markets.    The   findings   representing   1,000   investors   nationally   are   included   below.     With   a   sample   of   this   size,   one   can   say   with   95%   certainty   that   the   results   have   a   sampling   error   of   +/ ‐ 3   percentage   points   of   what   they   would   be   if   the   entire   population   of   investors 1   had   been   polled   with   complete   accuracy.    Where   available,   data   from   previous   years   has   been   provided   for   comparison.     QUESTIONNAIRE       Q.1   Are   you   the   person   who   is   MOST,   or   at   least   equally,   responsible   for   making   the   decisions   about   how   to   handle   your   household ʹ s   savings   and   investments?        Total    Yes,   most   ................................................................................... 73     Yes,   equally   ............................................................................... 27     No   (TERMINATE)    ...................................................................     ‐ (Don ʹ t   know/refused)   (TERMINATE)   .................................... ‐   Q.2   In   order   to   make   sure   our   sample   represents   various   types   of   investors,   I   need   to   know,   do   you,   or   does   anyone   else   in   your   household,   own   any   stocks,   bonds,   or   mutual   funds   in   an   investment   account,   or   in   a   self ‐ directed   IRA   or   401(k)   retirement   account?        Total    Yes   ............................................................................................. 100     No   (TERMINATE) ................ ‐   ..... ...............................................     (Don ʹ t   know/refused)   (TERMINATE)   .................................... ‐  

                                                  1   In   this   survey,   investors   are   defined   as:   Adults   (18+),   Primary/shared   decision ‐ makers   for   handling   households   savings   and   investments,   and   Reside   in   a   household   with   $10,000   or   more   in   investments      including   stocks,   bonds,   mutual   funds,   IRAs,   401k,   etc.    

 

  CAQ: National Investors August 27 – September 3, 2009     Q.3   Thinking   for   a   moment   about   the   total   value   of   all   these   stocks,   bonds   and   investment   accounts,   would   you   say   the   total   amount   is   worth   less   than   $10,000,   or   is   the   total   worth   $10,000   or   more?      Total    Less   than   $10,000   (TERMINATE)   .... ‐ .......................................     $10,000   or   more   ....................................................................... 100     (Don ʹ t   know/refused)   (TERMINATE)   .................................... ‐     Q.4   Would   you   say   the   total   value   is   worth?       Total    $10,000   to   $49,999   ..................................................................... 26     $50,000   to   $74,999   ..................................................................... 12     $75,000   to   $99,999   ...................................................................... 8     $100,000   to   $149,999   .................................................................. 8     $150,000   or   more   ...................................................................... 26     (Don ʹ t   know/refused)   .............................................................. 20         We   understand   that   each   individual   participating   in   this   survey   will   have   a   different   level   of   knowledge   and   experience.   We   are   looking   for   a   broad   range   of   opinions   and   are   interested   in   your   thoughts   based   on   what   you   know   or   may   have   heard   about   the   topics   presented   in   this   survey.      Q.5   At   the   current   time,   how   much   confidence   would   you   say   you   have   in   U.S.   capital   markets?   Would   you   say   you   have...?      2009   2008   2007    A   great   deal   of   confidence   .......................................... 7     11   14   Quite   a   bit   of   confidence   ............................................ 17     15   25   Some   confidence   .......................................................... 49     44   45   Very   little   confidence,   OR   .......................................... 22     23   12   No   confidence   at   all   ..................................................... 4     5   2   (Don ʹ t   know/refused)   .................................................. 1     2   3     Great   deal/quite   a   bit   ................................................. 24     26   39   Some .............................................................................. 49   44   45   Very   little/no   ............................................................... 26     29   14   *nets   may   not   add   up   to   100%   due   to   rounding    

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  CAQ: National Investors August 27 – September 3, 2009     [734   Respondents]   Q.6   (IF   AT   LEAST   SOME   CONFIDENCE   IN   U.S.   MARKETS   IN   Q5)   You   indicated   that   you   have   at   least   some   confidence   in   U.S.   capital   markets.    For   what   reasons   do   you   have   confidence   in   U.S.   capital   markets?   (OPEN   END   W/PRE ‐ CODES)      MULTIPLE   RESPONSES   ACCEPTED      Total    Based   on   information/   economic   data   I   see/read/hear   .................... 40   Confidence/trust   in   U.S.   and   government/Pres.   Obama   ................. 31    Market   is   strong   .................................................................................... 12    More   govt   controls   /   regulations   /   transparency   .............................. 4    Financial   information   is   independently   audited   ............................... 4    Low   tax   rates   ........................................................................................... 1    (Other)   ..................................................................................................... 6    (Don ʹ t   know/refused)   ............................................................................ 9    *data   may   not   add   up   to   100%   due   to   multiple   responses     [259   Respondents]   Q.7   (IF   LITTLE   OR   NO   CONFIDENCE   IN   U.S.   MARKETS   IN   Q5)   You   indicated   that   you   have   little   or   no   confidence   in   U.S.   capital   markets.    For   what   reasons   do   you   have   little   or   no   confidence   in   U.S.   capital   markets?    (OPEN   END   W/PRE ‐ CODES)     MULTIPLE   RESPONSES   ACCEPTED     Total    Economic   Crisis/Recession   .................................................................. 23   Too   much   government   spending/interference .................................. 15   Weak   government   oversight   of   the   capital   markets   ........................ 14   Volatility   in   the   US   stock   market   ........................................................ 14   Bank   failures   .......................................................................................... 11    Weakness   of   the   US   dollar   .................................................................... 7   Corporate   greed   ..................................................................................... 6   Financial   information   isnt   audited   thoroughly/enough   .................. 5   Home   foreclosure   crisis   ......................................................................... 5    Credit   crunch   .......................................................................................... 4    Lack   of   jobs/outsourcing   ....................................................................... 3   Gas   and   oil   prices   ................................................................................... 3    Instability   in   the   Middle   East/War/Terrorism   ................................... 2   (Other)   ..................................................................................................... 9    (Don ʹ t   know/refused)   ............................................................................ 4    *data   may   not   add   up   to   100%   due   to   multiple   responses  

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  CAQ: National Investors August 27 – September 3, 2009     Q.8   At   the   current   time,   how   much   confidence   would   you   say   you   have   in   capital   markets   outside   of   the   U.S.?   Would   you   say   you   have...?      2009   2008   2007    A   great   deal   of   confidence   .......................................... 4     6   4   Quite   a   bit   of   confidence   ............................................. 8     14   18   Some   confidence   .......................................................... 45     42   43   Very   little   confidence,   OR   .......................................... 20     18   19   No   confidence   at   all   ..................................................... 8     8   8   (Don ʹ t   know/refused) .................................................. 15     14   9      Great   deal/quite   a   bit   ................................................. 12     20   22   Some .............................................................................. 45   42   43   Very   little/no   ............................................................... 28     25   27        Q.9   How   much   confidence   would   you   say   you   have   today   investing   in   U.S.   companies   that   are   publicly   traded?   Would   you   say   you   have...?      2009   2008     A   great   deal   of   confidence   .......................................... 8     12       Quite   a   bit   of   confidence   ............................................ 20     18      Some   confidence   .......................................................... 47     45      Very   little   confidence,   OR   .......................................... 15     16      No   confidence   at   all   ..................................................... 6     4       (Don ʹ t   know/refused) ................................................... 4     5         Great   deal/quite   a   bit   ................................................. 28     30      Some .............................................................................. 47   45      Very   little/no   ............................................................... 21     20          

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  CAQ: National Investors August 27 – September 3, 2009     Q.10   All   publicly   traded   companies   in   the   U.S.   are   required   to   put   out   regular   financial   reports.   Before   they   are   published,   certain   information   in   these   reports   is   required   by   law   to   be   audited   by   an   external   public   company   audit   firm.   Based   on   what   you   know,   how   much   confidence   do   you   personally   have   in   audited   financial   information   released   by   publicly ‐ traded   U.S.   companies?   Would   you   say   you   have...?      2009   2008   2007    A   great   deal   of   confidence   .......................................... 6     11   8   Quite   a   bit   of   confidence   ............................................ 22     25   30   Some   confidence   .......................................................... 42     37   42   Very   little   confidence,   OR   .......................................... 21     15   13   No   confidence   at   all   ..................................................... 5     5   3   (Don ʹ t   know/refused)   .................................................. 3     6   4     Great   deal/quite   a   bit   ................................................. 28     36   38   Some .............................................................................. 42   37   42   Very   little/no   ............................................................... 27     20   16       Q.11   There   are   many   ways   investors   take   part   in   the   U.S.   capital   markets,   such   as   enrolling   in   company   401   (k)   programs,   buying   real   estate,   investing   in   mutual   funds   or   buying   stocks   and   bonds   in   publicly   traded   companies.    Today,   there   are   a   number   of   different   individuals   and   institutions   that   help   protect   the   rights   of   investors   who   put   their   money   in   the   capital   markets.   In   your   opinion,   which   of   the   following   does   the   best   job   of   protecting   investor   interests?   (ROTATED)    

FIRST  CHOICE  ONLY                     Total    Individual   investors   themselves   ............................................ 25    Government   regulations   and   oversight   ................................ 13    Auditors   who   audit   publicly ‐ traded   companies   ................. 13    Investigative   journalists   ........................................................... 9    Financial   analysts/brokers   ....................................................... 9    The   markets   themselves   ........................................................... 9   Institutional   investors   ............................................................... 5    Corporate   Boards   of   Directors   ................................................ 3    Corporate   management   ........................................................... 2     (Other)   ........................................................................................ 2    None   of   the   above   .................................................................... 11     

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  CAQ: National Investors August 27 – September 3, 2009     Q.12   And   aside   from   FIRST   CHOICE ,   who   else   does   a   good   job   of   protecting   investor   interests?   (ROTATED)    

TOTAL  RESPONSES ‐  MULTIPLE  RESPONSES  ACCEPTED     Total    Individual   investors   themselves   ............................................ 38   Auditors   who   audit   publicly ‐ traded   companies   ................. 27    Government   regulations   and   oversight   ................................ 23    Financial   analysts/brokers   ...................................................... 18    Investigative   journalists   .......................................................... 18    The   markets   themselves   .......................................................... 17   Institutional   investors   .............................................................. 13    Corporate   Boards   of   Directors   ................................................ 7    Corporate   management   ........................................................... 5     (Other)   ........................................................................................ 2    None   of   the   above   .................................................................... 30    *data   may   not   add   up   to   100%   due   to   multiple   responses     Q.13/14   Given   the   current   state   of   the   economy,   would   you   say   your   investment   behavior   has   changed   in   the   last   six   months?   IF   YES:   How   would   you   say   your   behavior   has   changed?   (OPEN   END   W/PRE ‐ CODES)     MULTIPLE   RESPONSES   ACCEPTED       2009   2008    No ‐ Behavior   has   not   changed   ................................................ 39   40   (Yes ‐ Behavior   has   changed)   ................................................... 61   60      Invested   less   money   .................................................... 22   23    Diversified   my   investments   ........................................ 8    11   Left   my   current   investments   alone   ............................ 7    15   More   conservative   approach   ...................................... 6  ‐ Invested   more   ............................................................... 5    3   Yes ‐ Financially   unable   to   invest   more   ...................... 4    5   Invested   in   bonds   ......................................................... 3  ‐ Sold   my   investments   ................................................... 2    3   Invested   more   in   U.S.   companies   (vs.   foreign)   ........ 1    2   Invested   more   in   foreign   companies   (vs.   U.S.)   ........ 1    2   Yes ‐ (Other)   ................................................................... 6    2   (Don ʹ t   know/refused)   .................................................. 1   3   *data   may   not   add   up   to   100%   due   to   multiple   responses   ‐ not   volunteered  

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